2019 Cannabis Business Award's Publication of the Year |
FMCPG HAS BEEN SERVING
AND REPRESENTING THE CANNABIS PHYSICIAN COMMUNITY SINCE 2020 |
THE "FLORIDA MEDICAL CANNABIS PHYSICIAN GROUP" (FMCPG) FOR ALL
"MEDICAL MARIJUANA DOCTORS" AND "MMTC DIRECTORS ONLY " DISCUSSION WILL INCLUDE: DISCUSSION FOR THE CREATION OF A MISSION AND VISION FOR FMCPG
DISCUSSION AND CREATION OF PRACTICE STANDARD FOR FMCPG MEMBERS
REVIEW OF THE OMMU AND CHANGES TO THE DOCTOR'S AND PATIENT INPUT PORTALS ON THE OMMU WEBSITE.
DOCTORS WITHIN OUR GROUP WILL DISCUSS HOW THEY HAVE BEEN WORKING AROUND SOME OF THE CHANGES
REF'S ISSUES AND SOLUTIONS
TIME TO RENEW YOUR MEMBER IN FMCPG
CLICK HERE FOR THE MEMBERSHIP FORM USE THIS LINK TO JOIN MEETING TO PRE- REGISTRATION - WEDNESDAY, JUNE 11, 2025 CLICK HERE ON LINK BELOW
https://us02web.zoom.us/meeting/register/tBjdriR2Q0Ss9L34Y2OgDg |
MEDICAL CANNABIS PHYSICIAN PROMOTION PACKAGE BY CANNABIS NEWS FLORIDA
ARTICLE: Physician will contribute an article of 350 words**. This article will appear in the Cannabis News Florida e-newsletter for one month (4 weeks).
E-MAIL BLAST: Cannabis News Florida will send out one e-mail blast promoting the Physician to the other physicians in three zip code areas or one city to be determined by the Physician. The Physician will supply the information for the email blast. The Article above can be used in the e-mail blast.
The cost of this program is ONLY $500 AND INCLUDES A ONE YEAR MEMBERSHIP IN THE FMCPG **Cannabis News Florida will assign a writer for a telephone interview with the Physician and create the article to be published. Physician shall have the right to review and approve the article before publication for an additional cost of $100.
IF YOU ARE INTERESTED, PLEASE EMAIL ME AT CHARLES@CANNABISNEWSFLORIDA.COM OR CALL MY CELL AT 954-605-4785 |
NEWS FROM THE PAST WEEK RELATING TO THE BUSINESS OF
MMTC'S IN FLORIDA Click on Company Logo to be Transferred to Web Site |
Trulieve Rewards
Trulieve Rewards is a customer rewards program offering patients and customers in participating states an easy platform to earn points on every purchase at Trulieve dispensaries. We've revamped and refreshed our old cannabis loyalty program to reward cannabis enthusiasts loyal to Trulieve with savings, perks, and points every time they shop for cannabis products JOIN NOW |
The Cannabist Company Introduces COAST Cannabis Co. Edibles to Maryland Market
June 10, 2025– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the launch of COAST Cannabis Co. edibles in Maryland, bringing a new selection of premium, function-forward gummies to adult-use consumers and medical patients alike. This launch marks the first step in the partnership between The Cannabist Company and COAST Cannabis Co. (“COAST”), a woman-owned & led cannabis edibles company.
Made with organic ingredients and free from artificial additives or unnecessary sugar coatings, COAST’s gummies deliver a consistent, enjoyable experience. The launch showcases COAST’s award-winning ratio gummies, expertly formulated to offer a variety of effects with varying cannabinoid ratios and a range of fruit-forward flavors. From the energizing Raspberry Lime enhanced with THCv to the restorative Sleep Suite powered by CBN and bursting with bold flavors like Blueberry, Cranberry Pomegranate, and Grape, each gummy reflects COAST’s unwavering commitment to purpose and wellness.
“COAST Cannabis Co. is known for crafting top-notch, innovative products, and we couldn’t be more excited to bring their gummies to Maryland,” said Catie Dunn, Director, Commercial Partnerships, The Cannabist Company. “Partnering with amazing brands like COAST empowers us to keep raising the bar, giving consumers more delicious, high-quality cannabis options in the most in-demand categories. Their gummies complement our existing portfolio by offering a variety of formulations and effects to meet different consumer needs. This launch is all about flavor, fun and expanding access to the best in the business.”
READ MORE |
The Cannabist Company Announces Director Appointments
June 5, 2025– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., is pleased to announce the appointment of independent directors, Tom Lynch and Peter Lee, to its Board of Directors effective today, in accordance with the terms of the Amended and Restated Indenture dated May 29, 2025, entered into in connection with the recently completed plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement”) involving, inter alios, the Company and The Cannabist Company Holdings (Canada) Inc.
Mr. Lynch is the President and Partner at SierraConstellation Partners LLC, bringing over 30 years of capital markets experience with a deep focus on restructuring, workouts, recapitalizations, M&A, secondary market transactions, and strategic planning and execution. Known for his hands-on leadership and ability to navigate complex financial challenges, Mr. Lynch has built a reputation as a trusted advisor to companies undergoing significant transformation.
READ MORE |
AYR Announces Entry into Limited Waiver Agreement with Senior Noteholders
June 06, 2025 — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announces that it has entered into a Limited Waiver Agreement (the “Agreement”) with the holders of a majority of its senior secured notes (the “Majority Holders”).
The Agreement provides a temporary waiver of certain events of default under the Company’s senior note documents, including those arising from the Company’s previously announced delay in filing its interim financial statements for the quarter ended March 31, 2025, and certain payment defaults under other outstanding debt obligations (including certain of the Company’s unsecured and/or subordinated debt obligations) should the Company determine not to make such payments when due. The waiver is effective through June 19, 2025, unless terminated earlier upon the occurrence of certain specified events, including a termination event of default should the Company make any payments otherwise due under its unsecured and/or subordinated debt obligations.
The Company is actively engaged in ongoing negotiations with its senior lenders and continues to assess strategic alternatives to address its capital structure and upcoming payment obligations. The entry into the Agreement provides the Company with additional time and flexibility to continue these discussions and pursue its strategic objectives.
READ MORE |
AYR Provides Update on Anticipated Cease Trade Order
June 06, 2025 — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today provides an update regarding the status of its securities in connection with its previously announced delay in filing its interim financial statements for the quarter ended March 31, 2025.
As disclosed on May 30, 2025, the Company was unable to meet the deadline to file its interim financial report, management’s discussion and analysis, and related CEO and CFO certificates for the three-month period ended March 31, 2025 (collectively, the “Interim Filings”) as required under applicable Canadian securities laws. As a result, the Ontario Securities Commission (the “OSC”) has issued a Failure to File Cease Trade Order (the “FFCTO”) effective June 5, 2025.
READ MORE |
RYTHM Premium Cannabis Brings Back The Miracle in Mundelein for a Third Year with Legal On-Site Cannabis Consumption and a Star-Studded Lineup
Damian “Jr. Gong” Marley, De La Soul, Umphrey’s McGee, Dark Star Orchestra and more are scheduled to headline the two-day event
General admission and VIP ticket sales will be available on Friday, June 6 at 12:00 pm CST at www.themiracleconcert.com
The event is strictly for individuals aged 21+, with cannabis purchase available in-store at RISE Dispensary Mundelein and hemp-derived THC products and beverages for sale on festival grounds
CHICAGO and VANCOUVER, British Columbia, June 04, 2025 — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries and RYTHM Premium Cannabis, today announced the return of The Miracle in Mundelein, a first-of-its-kind cannabis and music festival featuring legal on-site cannabis consumption. Presented by RYTHM, Dayglo Presents, and Deep Cut, alongside partners Señorita THC Margarita, RISE Dispensaries, the third annual event will take place September 6 and 7, 2025, across from RISE in Mundelein, Illinois.
Building on the momentum of its groundbreaking debut in 2023 and an expanded sophomore year in 2024, The Miracle in Mundelein continues to redefine the live event landscape by bringing together top-tier musical performances and the freedom to consume cannabis in a celebratory, legal, and community-centered environment.
This year’s stacked lineup features GRAMMY-winning reggae icon Damian “Jr. Gong” Marley, legendary hip-hop pioneers De La Soul, progressive jam rock favorites and Midwest natives Umphrey’s McGee (with a special full show with one set of originals, and a Pink Floyd closing set), and a marathon set by Dark Star Orchestra. Additional surprise artists and programming will be announced later.
Attendees can expect immersive, cannabis-friendly experiences powered by RYTHM, including dab bars and joint rolling stations featuring premium RYTHM concentrates and flower. Guests can also visit the Señorita THC Margarita Cabana Club and other creative activations hosted by leading cannabis and lifestyle brands. Concertgoers are encouraged to purchase their cannabis at RISE Mundelein (1325 Armour Blvd, Mundelein, IL) or bring their own supply in accordance with event guidelines, which will be posted on www.themiracleconcert.com.
READ MORE |
Viridian Chart of the Week: Option Based Valuation of Distressed Cannabis Equities Analysts have a range of choices when valuing cannabis companies. Viridian commonly uses Discounted Cash Flow Analysis, Public Company Comparables, and M&A Precedent Transactions to value both small private companies and larger public companies.
But consider the task of valuing a company where the current asset value is close to or even below the value of the debt. The companies in the chart all have total liabilities to market cap in excess of 5x, a good measure of distress, and a level that generally indicates a lower than 1x asset value coverage of liabilities. |
Does that mean that the equity is worthless? No, it doesn’t. Finance theory teaches us that we can view equity as a call on the value of the assets with a strike price equal to the liabilities. If the value of the assets exceeds the value of the liabilities, then equity holders have the option to liquidate the assets for the difference. If the asset value remains less than the debt, the equity holders can hand the keys to the debt holders and walk away with no further liabilities. Within that framework, corporate equity can never be worth zero unless the option’s time to exercise expires. The chart compares our option valuation with the current market cap of each company.
The application of this simple idea is less obvious. How do we get the current value of the assets, for example? Our recent work has solved for this value using the equity value as a given. But what if we really want to value the equity? Then, we do need to have an indicator of current asset value, and we have chosen 1x sales for our estimate. We have chosen two years as option life.
Volatility is a crucial assumption of any option model, and we have chosen 40% as our number. We have found this to be a pretty good value, lower than observed volatilities of equities but responsive to the fact that cannabis equities option valuation is constrained by the difficulty and expense of shorting the stocks. It should be a reasonable, although arguably conservative, estimate of asset value volatility.
We use the Black-Scholes model as our valuation engine since none of these companies are likely to pay a dividend in the near future.
Several of these companies, including 4Front and Gold Flora, are currently in receivership and liquidating assets. Others, like AYR, have hired financial advisors to help restructure their balance sheets.
Note that six of the eleven companies have option valuations below their current market caps, while five are considerably higher. The most reasonable interpretation of an option value that is lower than the current market cap is that investors are ascribing higher volatilities to the assets than our 40% assumption. On the other hand, an option value that greatly exceeds current market caps might indicate an expectation of a likely liquidation that could impair or wipe out the equity.
It is natural to view volatility as a negative, but investors should remember that the opposite is true. Distressed cannabis equities possess two critical assets that are not reflected on the balance sheet: time and hope. With numerous potential positive catalysts on the horizon, option valuation techniques are a crucial tool to consider, particularly for higher-risk equities.
View This Week's Viridian Chart of the Week For More Analysis About Viridian Capital Advisors
Since launching in 2014, Viridian Capital Advisors has become one of the most respected and experienced advisory and M&A firms specializing in the cannabis industry. We provide a wide range of services, including: Strategic Advisory Consulting: Including valuation, financial modeling, restructuring and fairness opinions.
Mergers & Acquisitions: Transaction advisory and execution. Capital Raises: Including debt and equity. Many of our assignments begin with a basic question: "What should I do now?" Raise capital to expand? What kind of capital is most appropriate?
Acquire another company? What are the advantages and pitfalls?
Sell my company? What valuations can i achieve? What transaction structures are possible?
Put our experience, data and depth of senior talent behind your next transaction.
Contact
Scott Greiper
CEO
Viridian Capital Advisors, LLC
646.330.0704
sgreiper@viridianca.com
Frank Colombo
Managing Director
Viridian Capital Advisors, LLC
914.523.4730
fcolombo@viridianca.com
|
NATIONAL AND INTERNATIONAL NEWS |
Advanced Flower Capital Expands Revolving Credit Facility with $20 Million Additional Commitment from Existing FDIC-Insured Banking Partner
WEST PALM BEACH, Fla., June 09, 2025 — Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC”) today announced that it has expanded its senior secured revolving credit facility (“Credit Facility”) to $50 million with an additional $20 million commitment from the facility’s Lead Arranger, an FDIC-insured bank with over $75 billion of assets. AFC intends to use availability under the Credit Facility to fund commitments to existing borrowers, originate and participate in commercial loans to cannabis operators in line with its investment strategy, and support working capital and other general corporate purposes. The facility remains expandable to $100 million, subject to lender participation and available borrowing base.
READ MORE |
Green Check Welcomes Todd Lasher as New Chief Growth Officer to Drive Next Phase of Expansion
Veteran fintech leader and former Green Check Advisor joins the team full time to lead sales, marketing and growth initiatives
BONITA SPRINGS, FLORIDA – May 20, 2025 – Today, Green Check (GC), the leading fintech connector powering commerce in high-risk industries, announced the appointment of Todd Lasher as Chief Growth Officer (CGO). In this role, Lasher will oversee sales, marketing, partnerships and market expansion initiatives as the company enters its next phase of growth.
Lasher brings decades of experience in sales and leadership roles in the financial services and fintech sectors, with a proven track record of scaling and exiting startups, as well as leading industry giants into new and emerging markets. Previously, Lasher served as Chief Operating Officer at Webscale Networks and as SVP of Business Development & Strategic Partners at FIS. He also served as an advisor to GC, supporting its mission to redefine the future of fintech by accelerating commerce in high-risk industries through innovative and compliant financial solutions.
“We’re thrilled to have Todd officially join the Green Check team,” said Kevin Hart, founder and CEO of Green Check. “He understands what it takes to build in complex markets and has already contributed meaningfully to our mission as an advisor. Now, as part of the leadership team, he’ll help us scale faster, expand our reach, and continue delivering the tools that financial institutions need to thrive working with high-growth, high-risk industries.”
READ MORE | Canopy Growth Reports Fourth Quarter and Fiscal Year 2025 Financial Results
Canada cannabis revenue increased 4% in Q4 FY2025 year-over-year, led by 13% growth in Canada medical cannabis
Reduced total debt by $293 million or 49% during FY2025
Refined strategy, focus and organizational structure expected to accelerate growth in global medical cannabis and improve commercial execution in Canada adult-use cannabis
Additional cost reduction initiatives identified and initiated in Q4 FY2025 are expected to deliver at least $20 million in annualized savings over the next 12-18 months
Read our fiscal year and fourth quarter 2025 financial results here:
SMITHS FALLS, ON, May 30, 2025 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED) (Nasdaq: CGC) today announced its financial results for the fourth quarter ended March 31, 2025 (“Q4 FY2025”) and the fiscal year ended March 31, 2025 (“FY2025”) and the filing of the Company’s Annual Report on Form 10-K for FY2025 (the “Form 10-K”), including the audited consolidated financial statements for FY2025 and the unqualified report thereon of the Company’s independent registered public accounting firm. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
“Since taking over as CEO in January, we took decisive actions to accelerate growth and profitability by unifying our medical cannabis businesses globally, aligning operations with commercial focus, increasing rigor on core fundamentals and streamlining our product portfolio. With renewed focus and our resources dedicated to the most promising opportunities, I’m confident that our leading brands and product innovation pipeline can deliver meaningful growth and long-term value for both consumers and shareholders.”
Luc Mongeau, Chief Executive Officer
“We demonstrated marked year-over-year improvement in Adjusted EBITDA and cash flow in FY2025, while fortifying our balance sheet. We are committed to achieving positive Adjusted EBITDA in the near-term and positive Free Cash Flow over time as we accelerate growth across our global medical cannabis businesses, improve margins in Canada adult-use cannabis and further reduce costs in all areas of our businesses.”
READ MORE |
Manitoba Harvest and Whole Foods Market Collaborate to Launch New Protein-Packed, Hemp+ Superfood Smoothie Boosters
Global Superseed Leader, Manitoba Harvest, Expands their Wellness Lineup with Smoothie Blends for Enhanced Nutrition Plus Energy, Mood and Immune Support
NEW YORK and WINNIPEG, Manitoba, June 10, 2025 — Manitoba Harvest, the global leader in hemp foods and a wellness business by Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), has expanded its protein-packed, Hemp+ portfolio to introduce three herbal-infused smoothie boosters: Manitoba Harvest Hemp+ Mood, Manitoba Harvest Hemp+ Energy and Manitoba Harvest Hemp+ Immunity, now exclusively available at select Whole Foods Market stores nationwide.
As a global pioneer in protein-packed, seed-based foods, Manitoba Harvest is developing new ways for individuals to add superseeds to their routine and easily incorporate plant-based superfoods. By combining invigorating and effective herbal extracts with the unique macronutrients of hemp, which delivers 7g Protein and 3g Fiber per 15g serving, Manitoba Harvest offers consumers simple and holistic solutions for overall well-being.
“At Manitoba Harvest, we know that consumers are looking for ways to support their health and well-being without overwhelming their mental load,” said Rebecca Morgan, Sr. Director of Marketing for Manitoba Harvest and Tilray Wellness. “We want to be a go-to resource for functional, health-focused products that are easily integrated into everyday routines. Hemp is a perfect smoothie companion with other superfoods, and we’re excited to debut these new herbal blends for enhanced energy, mood and immunity—some of the biggest wellness priorities.”
READ MORE |
MariMed’s Premium Nature’s Heritage Brand Enters Functional Mushroom Market Launching Plant-Based MycroDose
All-Natural Line of Wellness Products Designed to Support Overall Well-Being Now Available in Massachusetts
NORWOOD, Mass., May 29, 2025 — MariMed Inc. (“MariMed”) (CSE: MRMD) (OTCQX: MRMD), the company behind the award-winning flower and concentrate brand, Nature’s Heritage™, continued to drive innovation with the launch of MycroDose by Nature’s Heritage, a vegan line of all-natural wellness products that combine the power of full-spectrum cannabis with the added benefits of functional mushrooms in a convenient pill form. MycroDose by Nature’s Heritage delivers four targeted, plant-based solutions designed to enhance mental clarity, promote relaxation, improve focus, and support overall well-being in four distinct formulations. They are available now in Massachusetts at MariMed’s own Panacea Wellness stores and other select dispensaries.
The new line was developed to provide new and existing consumers with a unique, balanced, and controlled experience. Each of the four MycroDose by Nature’s Heritage products are uniquely crafted with a specific blend of all natural vegan ingredients to cater to a variety of needs.
READ MORE |
BELOW ARE THE LINKS TO THE DIRECTORY OF FLORIDA CANNABIS DOCTORS AND
DISPENSARIES IN THE STATE OF FLORIDA |
QUALIFIED PATIENTS
OVER 917,000
AND 721 DISPENSING LOCATIONS |
LATEST OMMU REPORTS FROM OFFICE OF MEDICAL MARIJUANA USE IN THE STATE OF FLORIDA Highlights from
JUNE 6, 2025 Report BY THE NUMBERS
Qualified Patients: (Active ID Card) JUN 06 2025- 917.464
MAY 30 2025- 916,345
MAY 23 2025- 915,617
MAY 16 2025- 915,073
MAY 09 2025- 914,180
MAY 02 2025- 913,159
Patients Last Week: 1,119
Qualified Ordering Physicians: 2,207
New Doctors Last Week: 30 Reporting Period: MAY 30 - JUNE 5 2025
Amount of Medical Marijuana Dispensed - (mgs THC) 377,726,348
Amount of Low-THC Cannabis Dispensed - (mgs CBD) 28,500
Amount of Marijuana in a From for Smoking (oz) 137,160.071
Approved Dispensing Locations: 721
Added Last Week: 1 GOLDFLOWER - MIAMI |
UPCOMING MEETING AND CONFERENCES |
ADVERTISEMENT OPPORTUNITIES
If your goal is to get your business in front of the right people in the cannabis industry or you want to be an integral part of this new and exciting business opportunity, then you need to join with Cannabis News Florida as we help to establish cannabis as a major part of the economy in Florida. Cannabis News Florida is an online publication focusing on both local and national news from leading authorities about the medical and business developments in the medical cannabis industry covering the entire state of Florida.
Join the Cannabis News Florida force online and in print. We offer several marketing options to fit all budgets:
· MMTC PROMOS LISTED IN EACH E-NEWSLETTER
• Directory Listing
• Banner Ads
• Ad Space in the Newspaper
• Feature Articles
• Weekly Newsletters
For further information or to make your ad reservation, please call:561-368-6950 / 954-605-4785 cell charles@cannabisnewsflorida.com
|
|
|